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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (18358)	5/23/2003 10:41:33 AM
From: Ahda	Read Replies (1) \| Respond to of 81956

There are two ways I can look at this offering one is the obvious Wall Street ever knows how to make more dollars. Problem is there are so many dollars at the peak of the mountain while people are scurrying around in circles at the base. They don't know how to make those dollars work for them. I sure would of liked to underwritten that one it will be a success. It makes things a bit more level for those at the base.

To: Jamey who wrote (18358)	5/23/2003 7:02:56 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81956

James > Each contract will buy you 1/10 oz of gold in Bank of London and will trade based on POG This is how paper money originally started. Eventually they don't or won't give you the gold in exchange. Anyway, who actually knows if there's any gold backing the "contracts" now? All they need is a bank with a big reputation to be behind the scheme and voila --- they have paper backing paper backing paper .......when you get frightened about holding one kind, you buy another kind. I hope you see that they don't need gold at all. All the gold needed is in the investor's imagination --- and the picture of the gold bars at the top of the "contract" is sufficient for that. Eventually they can have contracts based on the President (or whatever) --- each one representing the value of one milligram of his weight! But not his actual weight --- the weight of his picture at the top of the "contract". Then they can trade the President too. I like the way they call this a "security".